Headcount reductions in 2024 will be concentrated within management roles and contracted positions, with 75% of the cuts. The company is cutting 12,000 of its 85,000 management jobs because labour costs have risen sharply and inflation has eroded customers' purchasing power.
Companies like united parcel service inc. The layoffs are slated to save ups $1 billion in costs this year alone.
The Layoffs Will Eliminate Around 2.4 Percent Of Ups’s Global.
Ups accounts for 40% of the overall tech layoffs in january 2024, firing over 12,000 employees in just one month.
Ups Announced It's Cutting 12,000 Jobs Around The World Over The Next Several Months After What It Says Was A.
A comprehensive list of 2024 tech layoffs.
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The Layoffs Will Eliminate Around 2.4 Percent Of Ups’s Global.
Nearly 25,000 tech workers were laid off in the first weeks of 2024.
Ai Is Also A Contributing Factor Of These Layoffs, And In The Future, Job.
Ups says that ai might be able to pick up the managerial slack.